Annual Report 2017

136 Annual Report 2017 The Group also has interests in a immaterial joint venture entity that is accounted for using the equity method. 2017 2016 Aggregate carrying amount of joint venture entity 58,954 62,725 Aggregate amounts of the reporting entity’s share of: Revenues over expenses from continuing activities, net of tax 1,481 5,007 Other comprehensive revenues and expenses, net of tax 697 - Total comprehensive revenue and expenses, net of tax 2,178 5,007 (Unit: Baht’000) The Group has no contingent liabilities related to joint venture entity. 15. Long-term investments, net Consolidated SET 2017 2016 2017 2016 Available-for-sale investments 7,039,098 6,857,996 7,039,098 6,857,996 Held-to-maturity debt securities 1,426,809 1,441,728 1,426,809 1,441,728 General investments 12,361 12,336 12,361 12,336 8,478,268 8,312,060 8,478,268 8,312,060 (Unit: Baht’000) Available-for-sale investments : As at 31 December 2017, investments in general mutual funds represented investments in 33 open-ended funds, which have a policy of emphasising investment in equity securities of listed companies (2016: 17 funds) and 1 gold fund (2016: 1 gold fund). As at 31 December 2017, investments in property funds represented 5 closed-end non-redeemable mutual funds (2016: 11 funds). These funds were established for acquiring, leasing and transferring properties and/or their leasehold rights and providing for income-generating properties. All these property funds are listed and traded on the Stock Exchange of Thailand. As at 31 December 2017, no investment in infrastructure fund (2016: investment in infrastructure fund represented investment in 1 closed-end and non-redeemable mutual fund). Key objective of this fund is to raise money from both local and foreign investors and invest in potential infrastructure that has capability to generate stable and sustainable income for the fund so that the fund could make continuous distribution to its unitholders. This infrastructure fund is listed and traded on the Stock Exchange of Thailand. As at 31 December 2017, investments in foreign investment funds represented investments in 20 open-ended funds (2016: 23 funds). The Feeder Fund policy is to emphasise investment in foreign fund securities. Held-to-maturity debt securities : As at 31 December 2017, fixed deposit accounts represented fixed deposits at banks which had maturities over one year and carried interest at rates 4% per annum (2016: 4.00% per annum). As at 31 December 2017, cash at banks by M.O.U. used as security for housing loans provided to employees of the Group by a bank under a Memorandum of